Peoples Bancorp of North Carolina (NASDAQ:PEBK) Director Sells $21,585.00 in Stock

Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) Director James Abernethy sold 500 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $43.17, for a total value of $21,585.00. Following the completion of the transaction, the director directly owned 35,400 shares in the company, valued at $1,528,218. This represents a 1.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Peoples Bancorp of North Carolina Price Performance

Shares of NASDAQ:PEBK opened at $43.00 on Friday. The company has a market capitalization of $234.78 million, a PE ratio of 11.81 and a beta of 0.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average of $42.81 and a 200-day moving average of $40.26. Peoples Bancorp of North Carolina, Inc. has a one year low of $26.81 and a one year high of $45.78.

Peoples Bancorp of North Carolina (NASDAQ:PEBK) last issued its earnings results on Monday, July 20th. The bank reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $23.11 million for the quarter. Peoples Bancorp of North Carolina had a return on equity of 12.88% and a net margin of 17.25%.

Peoples Bancorp of North Carolina Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, June 3rd were paid a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.0%. Peoples Bancorp of North Carolina’s dividend payout ratio (DPR) is currently 23.08%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Peoples Bancorp of North Carolina in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Peoples Bancorp of North Carolina has an average rating of “Buy”.

Institutional Trading of Peoples Bancorp of North Carolina

Several institutional investors have recently made changes to their positions in PEBK. Russell Investments Group Ltd. boosted its holdings in shares of Peoples Bancorp of North Carolina by 116.7% during the third quarter. Russell Investments Group Ltd. now owns 932 shares of the bank’s stock worth $29,000 after purchasing an additional 502 shares during the period. Advisory Services Network LLC acquired a new position in Peoples Bancorp of North Carolina in the 3rd quarter valued at approximately $45,000. BNP Paribas Financial Markets lifted its position in Peoples Bancorp of North Carolina by 28.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,600 shares of the bank’s stock worth $49,000 after buying an additional 351 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Peoples Bancorp of North Carolina in the 2nd quarter worth approximately $63,000. Finally, MetLife Investment Management LLC purchased a new stake in Peoples Bancorp of North Carolina in the 4th quarter worth approximately $88,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Peoples Bancorp of North Carolina Company Profile

Peoples Bancorp of North Carolina, Inc is a bank holding company headquartered in Hickory, North Carolina, that operates through its wholly owned subsidiary, Peoples Bank. The company provides a comprehensive suite of banking and financial services tailored to individuals, small businesses, and municipal clients in the western region of North Carolina.

Through its community banking network, Peoples Bancorp offers deposit products such as checking, savings, money market accounts and certificates of deposit, alongside consumer and commercial lending solutions.